Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

GulfMark Looking At Short-Term Worries And Long-Term Opportunities

GulfMark Offshore (NYSE:GLF) has a high-quality, high-spec modern marine vessel fleet, but investors presently seem more concerned about the risks of delays in new rig deployments in the Gulf of Mexico than the opportunities offered by higher utilization and dayrates in the North Sea and GoM in the coming years. GulfMark isn't hands down a screaming bargain today, but I believe the current market conditions support a bullish outlook for profit and cash flow generation over the next couple of years.

Okay Results At Present

GulfMark came in with first quarter financial results that were just slightly weaker than sell-side expectations. Not helping matters was guidance that doesn't really give the sell-side a strong call to take to...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details